Permitted Short-Term Rental
For Sale
$299,000
4226 Carrollton Ave, New Orleans, LA 70119
Renovated two-bedroom residence with mixed-use zoning, solar panels, outdoor areas, and off-street parking.
Property Size1,066 SF
Price / SF$280.49
Days on Market67
Property Features for 4226 Carrollton Ave
General Information
Standard status
Active
Size
1,066 SF
Property subtype
Investment
Zoning
HUMU
Additional Details
Public Transit
Yes
Amenities
Power
Water
Sewer
Natural Gas
Building Details
Year Renovated
2021
Listing Agency:
The McEnery Company Inc
Listed By:
S. McEnery
(504) 236-9542
Source:
Lacdb.resimplifi
Added: Aug 15
Changed: Oct 16
Last Checked: Oct 19 at 3:16AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The McEnery Company Inc
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Investment Insights
Based on property information with market context.
Located at 4226 Carrollton Ave in New Orleans, this shotgun-style residence offers two bedrooms and two bathrooms within a 1,066-square-foot layout. Renovated in 2021, the property retains original character while incorporating modern updates, natural light, a front porch, and an oversized rear deck. Solar panels and off-street parking add to the existing improvements.
The property is zoned HU-MU and currently operates as a permitted short-term rental. The mixed-use designation also supports consideration of office or salon use, subject to verification of zoning requirements, short-term rental regulations, permitting, and allowable uses with the City of New Orleans. Its location provides access to Downtown, the French Quarter, City Park, the SuperDome, the Canal streetcar, and nearby restaurants, bars, coffee shops, and cultural attractions. Furniture is available for an additional fee.
The property is zoned HU-MU and currently operates as a permitted short-term rental. The mixed-use designation also supports consideration of office or salon use, subject to verification of zoning requirements, short-term rental regulations, permitting, and allowable uses with the City of New Orleans. Its location provides access to Downtown, the French Quarter, City Park, the SuperDome, the Canal streetcar, and nearby restaurants, bars, coffee shops, and cultural attractions. Furniture is available for an additional fee.
Key Highlights
- Permitted short‑term rental currently in operation
- 1,066 SF shotgun‑style residence with 2 bedrooms and 2 bathrooms
- Renovated in 2021 with original character and modern updates
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,407
Cap Rate
4.15%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,140
$248.1K
Cap Rate 7%
$177,243
$177.2K
Cap Rate 9%
$137,856
$137.9K
Market Conditions
NOI Build-Up for 1,066 SF
Gross rent
$24.8K $23.28/SF
− Vacancy
−$2.3K −$2.12/SF
EGI
$22.6K $21.16/SF
− OpEx
−$10.2K −$9.52/SF
NOI
$12.4K $11.64/SF
Area
ZIP 70119
Vacancy
9.10%
Lease Rate
$23.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$248,140
Cap Rate 7%
$177,243
Cap Rate 9%
$137,856
Alternative Uses
Best Use
Apartment 5plus
$177.2K
$155.1K – $206.8K
NOI $12,407 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$278.9K
$244.1K – $325.4K
NOI $19,526 @ 7.0% cap · market cap 6.53%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,758
Businesses Nearby
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Business Placement
Demographics for 70119, LA
38,048
Population
21,595
Households
1.8
Avg Household Size
37
Median Age
47%
College-Educated
89%
High-School Grad
4.5 sq mi
ZIP Area
8,455
Density / Sq Mi
$50,854
Median Household Income
$44,278
Median Earnings
$1,298
Median Rent
$359,300
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Short term rental property - Renovated two-bedroom residence with mixed-use zoning, solar panels, outdoor areas, and off-street parking.
Where is this short term rental property located?
The property is located at 4226 Carrollton Ave New Orleans, LA.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Permitted short‑term rental currently in operation; 1,066 SF shotgun‑style residence with 2 bedrooms and 2 bathrooms; Renovated in 2021 with original character and modern updates
